Land @ Deerlands Road, Wingerworth, Chesterfield, Derbyshire

Description

Current vacant plot situated in the highly coveted location of Chesterfield, in one of Derbyshire's most sought-after neighbourhoods. Auction House have not visited or inspected the land. Purchasers are deemed to rely on their own enquiries regarding any possible development potential for this individual plot in respect of planning and any other consents or rights over the land, including adopted highways and public rights of way. Approx. 491m² total area. Investment potential and excellent prospect for a range of uses.

Location

The land is situated on Deerlands Road in Chesterfield, a popular residential area within easy reach of Chesterfield town centre. The location benefits from convenient access to the A61 and the M1 motorway via Junctions 29 and 29A, providing connections to Sheffield, Derby, Nottingham and the wider motorway network. Chesterfield railway station is approximately 2–3 miles away. Chesterfield town centre provides shopping, leisure and employment facilities. East Midlands Airport and Manchester Airport are accessible by road.

Tenure / Property Information

Investment Analysis

Vacant freehold land of approximately 491m² with a guide of £22,000–£28,000. The supplied sold comparables are semi-detached houses on Deerlands Road and are not directly applicable to valuing the plot. No planning consent, access rights, services, development appraisal or land-specific comparable evidence is supplied. The auctioneer has not inspected the land. Buyer premium and admin charge total £2,400 including VAT, before any disbursements.

Investment Snapshot

Strategy Recommendation

Proceed only as a planning-led land acquisition after satisfactory legal, access, services and planning due diligence. Do not rely on residential house comparables or assume development potential.

Works Required

No physical works can be specified from the evidence. Required pre-purchase due diligence includes planning and development enquiries, confirmation of access and highway status, public rights of way, title restrictions, services and other necessary consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable. There is no confirmed development or end value, no works budget, no rent and no refinance valuation. Planning, title, access and service risks must be resolved before any appraisal.

Buy-to-Let Analysis

BTL analysis is not supportable because the asset is vacant land, no rental evidence is supplied and no consented income-producing use is confirmed.

Flip Analysis

A flip appraisal cannot be established. The supplied residential sales are not reliable evidence for the value of this vacant plot, and no planning permission, scheme, build cost or resale value is provided.

Investor Risks & Due Diligence

• Development potential and required planning or other consents are unconfirmed.

• Access, adopted highway status and public rights of way require purchaser verification.

• The auctioneer has not visited or inspected the land.

• Title restrictions, rights, services and other legal matters may affect use or value.

• Buyer premium and admin charge total £2,400 including VAT, with possible additional disbursements.

Recommendation

Proceed only as a planning-led land acquisition after satisfactory legal, access, services and planning due diligence. Do not rely on residential house comparables or assume development potential.

Strategy Rating

Analysis Confidence

The guide, tenure, area and location are supplied, but there is no land-specific valuation evidence, planning position, access confirmation, service information, development scheme, costs or rental income evidence.